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Balance of Payments and International Investment Position: December 2014 quarter
Embargoed until 10:45am  –  18 March 2015
Key facts
  • New Zealand's seasonally adjusted current account balance was a $2.6 billion deficit in the December 2014 quarter (up $175 million from the September 2014 quarter's deficit).
  • The primary income deficit was $2.8 billion in the December 2014 quarter (the highest deficit in four years). Primary income is mostly income earned from foreign investments.
  • For the year ended December 2014, the current account deficit was $7.8 billion (3.3 percent of GDP; it was 2.6 percent of GDP for the year ended September 2014).
  • New Zealand's net international liability position was $153.9 billion (64.7 percent of GDP) at 31 December 2014, up from a revised $152.0 billion at 30 September 2014. 
  • New Zealand’s external debt position was $141.3 billion (59.4 percent of GDP) at 31 December 2014, down $941 million.

 

 

 

Liz MacPherson, Government Statistician
ISSN 1178-0215
18 March 2015

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